Octaura Holdings announced the launch of the first comprehensive syndicated loan trading venue delivering trading protocols, real-time data and analytics, on a single platform.  Created by the industry and for the industry, Octaura offers market participants access to multiple protocols essential to trading efficiently and with increased confidence.

“We created Octaura to be a force for change in the industry and modernize the way syndicated loans are traded,” said Brian Bejile, Chief Executive Officer of Octaura.  “The feedback and reception from our clients reaffirm what we already knew – the market is open to change and eager for the enhancements electronification brings.”

Having the backing of seven of the syndicated loan market’s leading dealers, Octaura has been able to provide the scale, technology and resources needed to launch an effective trading solution addressing the market’s infrastructure challenges and attract the critical mass necessary to drive real change.  The result is a platform where clients can execute via traditional request for quote (RFQ) on single line items, or a list of facilities, leading to other portfolio trading protocols based on participant demands like optimizations and ramps.  Traders will now have the essential and supporting functionalities on a single trading platform, resulting in higher trading volumes, transparency, and increased liquidity.

The platform has nine dealers and over 90 asset managers actively trading or onboarding.  Octaura will now move forward with two-way integration and developing trading solutions for additional asset classes.

Built in collaboration with Genesis Global, the low-code software development platform for financial markets, Octaura’s platform reduces friction points and potential errors inherent to manual trading with automated trade bookings utilizing straight through processing (STP) and working with the industry’s leading order management system (OMS) providers, including Allvue Systems, Charles River Development, LevPro, and SS&C Eze, to develop pre- and post-trade integration functionalities.

Source: Octaura